Notification on the fulfilment of milestones of the Restructuring and Standstill Agreement
Pursuant to the provisions of the Financial Instruments Market Act (ZTFI) and the Rules and Regulations of the Ljubljana Stock Exchange, d.d., Pivovarna Laško, d.d., Trubarjeva 28, 3270 Laško, hereby makes the following announcement:
On October 29, 2015, the company Pivovarna Laško, d.d., received from the new majority shareholder Heineken International B.V., Amsterdam, a long-term loan in the amount of EUR 44,320,349.08. The entire amount of the loan was used for repayment of all existing debt of Pivovarna Union, d.d., to all creditor banks.
With this repayment, the milestones set forth in the Restructuring and Standstill Agreement (hereinafter: the Agreement) signed in late April 2014 with all 18 creditor banks were fulfilled. With repayment of all outstanding debt of Pivovarna Laško, d.d., on October 15, 2015, and repayment of all outstanding debt of Pivovarna Union, d.d., on October 29, 2015, all milestones from the Agreement have been fulfilled and therefore the Agreement is no longer in effect.
Laško, 4 November, 2015 Management Board